AVST Signs Letter of Intent to Purchase SaaS Technology from Voice Mobility International, Inc.
FOOTHILL RANCH, Calif., July 21 -- Applied Voice & Speech Technologies, Inc. (AVST) today announced that it has entered into a Letter of Intent to purchase certain assets of Voice Mobility International, Inc. (VMY, VMII and FWB: VMY) (Voice Mobility or VMI). The principal assets being acquired in this transaction are the Voice Mobility UCN250 software as a service (SaaS) platform and all related technology and customers. Terms of the transaction were not disclosed.
The UCN250 is a highly scalable and reliable Linux and SIP-based SaaS platform that will be integrated into AVST’s unified communications (UC) solution portfolio to accelerate AVST’s ability to address the evolving communications requirements of current and future AVST customers.
Jay Hutton, Chairman and CEO of Voice Mobility, commented, “This partnership constitutes a critical part of the restructuring of Voice Mobility and the realignment of our strategic focus. Our partnership with AVST extends beyond today’s announced technology acquisition and is expected to be long-term in nature as Voice Mobility prepares to launch a suite of secure cloud-based UC services that will be sold directly into the SMB market. We are excited to collaborate with AVST as VMI’s UC solutions partner leveraging the UCN250 SaaS platform to create a secure, mobile-centric UC services portfolio. We will develop this offering in close consultation with AVST and expect to work together in taking it to market. We believe that this long-term strategic technology partnership with AVST will enable us to bring UC solutions to market more expeditiously than we might otherwise on our own.”
According to AVST President & CEO, Hardy Myers, “The acquisition of VMI’s UCN250 technology fits perfectly with our strategic objective to be an industry leader in delivering best of breed and highly-interoperable premise-based, hybrid and cloud-based UC solutions.”
Closing of the transaction is subject to certain conditions precedent, including the execution of a definitive purchase agreement and satisfactory completion of due diligence by AVST. Closing is expected to occur on or before December 31, 2010.
About Voice Mobility
Voice Mobility develops and markets its unified communications product line to enterprise, campus and hosted customers. Our product line includes highly scalable Voicemail, Unified Communication, Fax Service, Interactive Voice Response, and Auto-Attendant applications, as well as unique features like Emergency Event Notification, Mobile Client functionality, Presence, Speech applications and Desktop integration with industry leading software providers. Migration options are available allowing the transfer of messages and data from legacy OCTel® messaging servers. For more information, call Jay Hutton at 250-978-5052 or visit www.voicemobility.com.
With more than 35 years of continuous innovation, Applied Voice & Speech Technologies, Inc. (AVST) is a trusted developer of software-based, enterprise-class Unified Communications (UC) solutions. Our mission is to design, deliver and support communications solutions that transform the productivity of individual workers, teams and enterprises while leveraging the value of their existing and evolving IT infrastructure. Thousands of businesses worldwide rely on AVST's advanced voice, mobility, team communications and business process UC solutions to meet their mission-critical communications requirements. The world-class interoperability and flexibility of AVST's UC platform provides a future-proofed bridge to their digital future. Headquartered in Orange County, California, AVST maintains facilities in Seattle, Washington, Victoria B.C., Canada, the United Kingdom, and has remote sales offices throughout the United States. AVST's UC solutions are sold and supported worldwide by an extensive network of resellers and OEM partners. To learn more about AVST, our products and partners, please visit www.avst.com or you can follow us at Twitter, Facebook or LinkedIn.
XMedius is a global leader in the field of enterprise communications solutions. Its suite of enterprise-grade on-premises and cloud communications solutions enable businesses to benefit from secure and unified communication as well as to exchange sensitive and confidential data that meets and exceeds industry regulatory compliance requirements. Based in Montreal (Canada) with offices in Seattle (USA) and Paris (France), the company serves businesses, enterprises and service providers through a global team of customer focused employees. Its solutions are deployed worldwide in over 17,500 locations across education, financial, government, healthcare, manufacturing, retail and legal services sectors. For more information about XMedius and its solutions, visit www.xmedius.com.
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